Reaction has ended with bullish engulfing pattern
Though long term bullish TataSteel has given a correction signal and I expect that one will be able to enter at below 440 levels.
After good consolidation MCX has broken out of consolidation. Clear cup and handle formation can be seen and target of about 1650 can be considered.
Multiple bottom . Targets 540/ 600/ 750
Classic flag formation. Close above 185 can give 220 as target. Only concern is big gap nr 130 level.
I have not been following infy but came to this counter to check if there was any early warning sign on chart. I could find one. Weakness was seen on chart since 20 Sept. I must congratulate people who went bearish since 19th Sept. Now the question is was there any insider who was dumping stocks. We can clearly see unusual volumes...
Close above 6900 in next 2~3 days can clearly mark breakout from flag formation. Decrease in Volume and range is clear indicator of consolidation in flag formation
Target 1370 It coincide with filling of earlier gap
can give 850 by end of year stop @ 600 for alternative bearish outlook